Company Valuation: Coforge Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 177,351 271,520 232,992 340,167 542,334 411,133 - -
Change - 53.1% -14.19% 46% 59.43% -24.19% - -
Enterprise Value (EV) 1 166,393 273,051 230,587 341,181 540,507 398,670 387,873 374,204
Change - 64.1% -15.55% 47.96% 58.42% -26.24% -2.71% -3.52%
P/E ratio 39.9x 41.8x 34.2x 42.5x 66.5x 29.4x 22.6x 18.7x
PBR 7.19x 9.93x 7.7x 9.46x 8.46x 5.55x 4.95x 4.22x
PEG - 0.9x 7.27x 2.6x -11.4x 0.4x 0.8x 0.9x
Capitalization / Revenue 3.8x 4.22x 2.91x 3.71x 4.5x 2.51x 2.1x 1.84x
EV / Revenue 3.57x 4.25x 2.88x 3.72x 4.49x 2.44x 1.98x 1.67x
EV / EBITDA 21.2x 22.6x 17.4x 23.2x 29.5x 13.7x 11.1x 9.41x
EV / EBIT 27.6x 30.7x 21.6x 29.7x 38.5x 18x 14.2x 11.9x
EV / FCF 24.3x 44.7x 29.1x 53x 79.5x 28.7x 24.6x 18.5x
FCF Yield 4.11% 2.24% 3.44% 1.89% 1.26% 3.49% 4.07% 5.42%
Dividend per Share 2 2.6 10.4 12.8 15.2 15.2 18.29 22.44 26.44
Rate of return 0.44% 1.17% 1.68% 1.38% 0.94% 1.49% 1.83% 2.16%
EPS 2 14.66 21.3 22.31 25.92 24.41 41.68 54.07 65.48
Distribution rate 17.7% 48.8% 57.4% 58.6% 62.3% 43.9% 41.5% 40.4%
Net sales 1 46,628 64,320 80,146 91,790 120,507 163,527 195,482 223,990
EBITDA 1 7,865 12,056 13,250 14,675 18,312 29,002 34,824 39,786
EBIT 1 6,029 8,882 10,665 11,489 14,036 22,201 27,334 31,532
Net income 1 4,556 6,617 6,938 8,080 8,121 14,338 18,526 21,827
Net Debt 1 -10,958 1,531 -2,405 1,014 -1,827 -12,464 -23,260 -36,929
Reference price 2 585.39 891.50 762.82 1,100.49 1,621.84 1,224.30 1,224.30 1,224.30
Nbr of stocks (in thousands) 302,962 304,566 305,435 309,105 334,394 335,811 - -
Announcement Date 06/05/21 12/05/22 27/04/23 02/05/24 05/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.37x2.44x13.75x1.49% 4.42B
21.76x3.59x12.77x2.93% 217B
13.35x1.42x7.45x3.62% 110B
17.92x3.28x12.09x4.73% 98.2B
17.19x2.88x9.89x3.43% 76.02B
19.45x5.1x12.6x2.94% 59.29B
18.43x2.73x11.62x3.83% 56.24B
22.87x2.86x13.66x3.89% 42.22B
-43.64x6.54x42.54x-.--% 41.82B
13.17x1.51x10.38x1.18% 36.24B
Average 12.99x 3.24x 14.68x 2.8% 74.12B
Weighted average by Cap. 15.09x 3.23x 13.11x 3.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. COFORGE Stock
  4. Valuation Coforge Limited